Category: Top Stories
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IMF commends Ghana for effectively managing COVID-19 pandemic
The International Monetary Fund (IMF), says Ghana has effectively managed the COVID-19 pandemic. The commendation was contained in a statement after a team led by Carlo Sdralevich paid an official visit to Ghana. The team had discussions with Vice President, Dr. Mahamudu Bawumia, Finance Minister, Ken Ofori-Atta, Governor of the Bank of Ghana, Ernest Addison,…
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Inflation rate falls to 8.5% in April; closest to yearly target
Ghana has recorded the lowest year-on-year inflation since the emergence of the COVID-19 pandemic. The inflation rate recorded for the month of April 2021 was 8.5 percent, which is 1.8 percentage points lower than the 10.3 percent recorded in March this year. The figure falls within the medium-term inflation target of 8.0±2 percent. Before the…
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Build favourable economy to boost local production of building materials – Construction Chamber
The Ghana Chamber of Construction Industry has called on the government to put practical measures in place to enable the mass production of building materials in the country. This follows the announcement by the Works and Housing Minister, Francis Asesnso Boakye that his ministry will push for the use of local materials for constructing government…
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Companies urged to abide by unclaimed dividend provisions in new Companies Act
Companies who are expected to pay dividends to their shareholders are being cautioned against flouting Sections 73 and 74 of the new Companies Act, Act 992. According to the Act, all unclaimed dividends are to be handled in a standardized manner which will ensure the dividends are kept for a period of up to 8…
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Enforce retail laws to prevent chaos in markets – GUTA to government
The Ghana Union of Traders Association, (GUTA) is calling for the Presidential Committee on Foreign Retail Trade to as a matter of urgency resume operations and prevent foreigners from operating in the country’s retail space. According to GUTA its members will not hesitate to take matters into their own hands if the committee does not…
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National ID card has paved way for SIM re-registration – George Andah
A former Deputy Minister for Communication, George Andah has defended the delay in the re-registration process of SIM cards in the country. The re-registration window was initially scheduled to begin in January 2020 till June 2020 with the aim of fighting fraud and other related crimes in the country. However, Mr. Andah explains that for…
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Run National Development Bank as a business – Prof. Quartey to government
Professor of economics at the Institute of Statistical, Social and Economic Research (ISSER), Professor Peter Quartey has stated that the establishment of the National Development Bank will have no positive impact on the growth of the economy if government fails to apply proper business management in its operations. The establishment of the bank which has…
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Kumasi: Drivers of ride-hailing apps protest over poor working conditions
Members of the Online Drivers Association in Kumasi on Tuesday, May 11, began a one-week strike in protest of what they call poor conditions of service. According to the drivers who primarily use ride-hailing apps such as Uber and Bolt, the recent increment in fuel prices has worsened their plight. Speaking to Citi News, the…
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Reduce cost of power to curb beverage price hikes – Association appeals
The Food and Beverages Association of Ghana has called on government to halt any increases in the cost of electricity and water, to prevent another increase in the prices of beverages in the country. The remarks come on the back of recent increase in the prices of some alcoholic beverages by as much as 20%…
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Aker Energy to submit revised plan of development to Government of Ghana
Two years after its initial Plan of Development to facilitate the optimization of the Deepwater Tano/Cape Three Points (DWT/CTP) block was rejected by government, Aker Energy is set to submit a revised plan of development to government by the end of this year. This was disclosed in a press statement issued by Aker Energy Ghana…